Ukraine Inflation August 2016

Ukraine: Inflation picks up in August

September 16, 2016

In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease. August’s result marked the largest drop in six months. The fall came on the back of lower prices for food and beverages.

Inflation rose from 7.9% in July to 8.4% in August. Increased tariffs for public goods are contributing to rising price pressures and inflation is seen increasing by year-end. However, annual average inflation continued to ease, falling from 30.6% in July to 26.9%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2016 at 11.5%, which is unchanged from last month’s forecast. For 2017, the panel sees inflation easing to 8.5%.

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